senate Bill S7358

2019-2020 Legislative Session

Extends the expiration of the mortgage recording tax imposed by the city of Yonkers

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 21, 2020 referred to investigations and government operations

S7358 (ACTIVE) - Details

See Assembly Version of this Bill:
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §253-d, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: S4116, A7022
2015-2016: S3878, A4956
2017-2018: S1756, A6365

S7358 (ACTIVE) - Summary

Extends the expiration of the mortgage recording tax imposed by the city of Yonkers to August 31, 2021.

S7358 (ACTIVE) - Sponsor Memo

S7358 (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K


                            I N  S E N A T E

                            January 21, 2020

Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
  and when printed to be committed to the  Committee  on  Investigations
  and Government Operations

AN  ACT to amend the tax law, in relation to extending the expiration of
  the mortgage recording tax imposed by the city of Yonkers


  Section  1.  Subdivision 1 of section 253-d of the tax law, as amended
by section 1 of subpart D of part C of chapter 61 of the laws  of  2017,
is amended to read as follows:
  1.  The city of Yonkers, acting through its local legislative body, is
hereby authorized and empowered to adopt and amend local  laws  imposing
in  any  such city during the period beginning September first, nineteen
hundred ninety-three and ending August thirty-first, two thousand [twen-
ty] TWENTY-ONE, a tax of fifty cents for each one  hundred  dollars  and
each  remaining  major  fraction thereof of principal debt or obligation
which is or under  any  contingency  may  be  secured  at  the  date  of
execution  thereof,  or  at  any  time thereafter, by a mortgage on real
property situated within such city and recorded on  or  after  the  date
upon  which such tax takes effect and a tax of fifty cents on such mort-
gage if the principal debt or obligation which is or by any  contingency
may be secured by such mortgage is less than one hundred dollars.
  § 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.


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